Foreign firms dominate best employers list
Via The Rakyat Post : A recent study conducted by human resources consultancy Aon Hewitt and TalentCorp Malaysia has found that best employers in the country tend to be local branches of foreign firms.
Coming out tops overall was Starbucks Coffee Malaysia while the best for female staff welfare was McDonald’s Malaysia.
American Express (Malaysia) Sdn Bhd was best for Generation Y employment while Marriott International Malaysia ranked first for for its commitment to employee engagement.
Other foreign firms rated to be best employers are DHL Express Malaysia, Fedex Malaysia and Holiday Inn Kuala Lumpur Glenmarie.
Local firms which entered the top ranks are Eco World Development Group Bhd, SP Setia Bhd and Sime Darby Property Bhd.
The latest top-ranked employers list is surprising as it presents different results from other surveys which tend to highlight conglomerates like Nestle or Maybank.
A list issued by HR Asia recently for best companies to work for in Malaysia in 2014 included Apple Vacation & Conventions Sdn Bhd, Coca-Cola Bottlers (Malaysia) Sdn Bhd, Hartalega Sdn Bhd and many other firms which did not make Aon Hewitt’s list with the only exception being Holiday Inn Kuala Lumpur Glenmarie.
Aon Hewitt explained that its study for best employer focuses on how the organisations selected inspire strong commitment and superior performance from its people, drives business results through effective people practices and manages its business in ways that build long-term success and sustainability.
The consultancy noted the most noticeable trends that emerged in this year’s research were best employers achieve 38% higher income than market average, 50% higher growth in profits than market average and filled 38% more openings internally compared to the market.
The level of employee engagement saw the best employer’s engagement scoring 83%, significantly higher than market average of 60%.
The research also found that 67% of best employers have a structured career development processes on succession planning, while 80% of employees at best employers believe that senior leaders treat them as a ‘most valued asset’.
Further, 78% of best employers have mentoring programmes for developing their leaders against the 47% participant average.
The best employers also involve a high performance culture where 67% of the best employers include the engagement scores of teams in their people manager performance ratings, compared to 49% participants.
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